A consolidation around 8,000 levels on the Nifty is the general expectation, given 11% run up since election outcome and valuations (P/E) touching 15x FY16 earnings.
IIFL has identified 12 bluechips, which are extremely attractive even at current levels of the market. Each of these 12 large caps can potentially deliver 35-45% returns over a period of two years.
HCL Technologies
Hindustan Zinc
ICICI Bank
IndusInd Bank
ITC
L&T
Lupin
Maruti
Motherson Sumi
Powergrid
Reliance Industries
Tata Steel
